Last Month,sellers of Good Y Took in $100 in Total

question 244

Multiple Choice

Last month,sellers of good Y took in $100 in total revenue on sales of 50 units of good Y.This month sellers of good Y raised their price and took in $120 in total revenue on sales of 40 units of good Y.At the same time,the price of good X stayed the same,but sales of good X increased from 20 units to 40 units.We can conclude that goods X and Y are

• A)substitutes,and have a cross-price elasticity of 0.60.
• B)complements,and have a cross-price elasticity of -0.60.
• C)substitutes,and have a cross-price elasticity of 1.67.
• D)complements,and have a cross-price elasticity of -1.67.

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Definitions:

Urge To Urinate

A strong need to urinate, which may indicate a full bladder or a medical condition affecting urinary functions.

Urinalysis

A test conducted on urine to detect diseases, disorders, or drug use by examining its content.

Absorbent Undergarments

Clothing items designed to absorb and contain bodily fluids, commonly used for incontinence.

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Damage to the skin and underlying tissues at the sacral area, usually caused by prolonged pressure, often observed in bedbound or immobile individuals.